"Electric car maker Tesla Motors Inc is reorganizing its regional sales teams after missing sales targets in 2014 and will reassign its global sales chief once it appoints new executives to run local operations, the company said on Friday. In a statement, Tesla said it will appoint three regional sales vice presidents for North America, Europe and Asia Pacific. 'We are interviewing candidates for those roles and expect to bring them on board later this year,' the company said in a statement."
"Tesla Motors Inc., the electric-car maker led by billionaire Elon Musk, said it’s cutting jobs in China after a local newspaper reported the company will reduce staff by 30 percent. Tesla will eliminate some positions as it makes structural changes to its business in China, Gary Tao, a local spokesman for the carmaker, said Monday by phone. He said he didn’t know how many jobs will be affected. The Chinese newspaper Economic Observer reported earlier Tesla will eliminate 180 of the 600 positions at its China unit because sales haven’t met expectations."
"The firm now predicts the automaker will earn 11 cents per share this year versus a prior estimate of $0.52. Earnings for 2016 have come down to $1.75 a share from Deutsche Bank’s earlier view of $2. The main culprit for the earnings revision: the plunging euro. The currency is at a 12-year low versus the U.S. dollar and there are predictions across Wall Street that the euro could reach parity with the greenback–and potentially fall below it. Tesla generates roughly a third of its sales across the pond, according to Deutsche Bank. However, the bank is sticking with its long-term outlook on the carmaker and, in fact, did not alter its current buy rating on the shares or its $245 price target. Only the earnings and margin estimates were lowered."